Official sources say that the finance ministry is aware of the possible spike in smuggling activity and has already asked intelligence agencies to tighten their vigilance and come down on the unofficial entry of gold into India.
A mix of industrialists and businessmen, who have inherited riches or rose from humble backgrounds and even endured boom and bust cycles, the top five MPs are illustrative of how the political stock of the wealthy is increasing rapidly.
The new TTD chairman's Venkateswara pendant seems like a simple yet effective tool to silence his critics and to unburden the baggage of his family's religion.
Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements. The bank is looking for a $2-billion loan book in the first five years of business.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
The demand environment is expected to improve over the next three quarters, aided by a recovery in demand from the construction sector, following release of payments to contractors after elections.
Once ISRO masters the technology to send humans into space, the next step will be experimenting with technologies allowing humans to live in space.
Exasperated by frequent labour strikes, the Tamil Nadu government has decided to give public utility status to Auto components makers. A move that has left labour unions fuming since, now, they won't be able to go on strike without issuing a notice of six weeks in advance.
A substantial fluctuation is likely because for a long period gold has moved in a narrow range of $ 50-60 and at higher levels short positions were built.
Out of its 47 operational satellites, India currently has six to eight satellites which are used entirely for military purposes.
The exporters are optimistic that the industry will grow by 8-10 per cent and it can improve further if the government helps the industry.
If hallmarking data are anything to go by, the proportion of spurious jewellery in the country might have shrunk significantly in the past five years.
First, the industry is hoping for brisk business, as, according to projections there will be normal monsoon. Secondly, it is relieved at the fall in import of cheap umbrellas from China which had dented the domestic market for several years.
While the overall passenger car industry is expected to grow at around seven per cent a year in the next five years, SUV growth is expected to be over 10 per cent.
While New Jersey, US-based OrbitBeyond leads a consortium of subcontractors who have designed and developed hardware for deep space missions, Bengaluru-based Team Indus is leading OrbitBeyond's lander engineering, reports T E Narasimhan.
The fear of price rise gained momentum after reports surfaced that the NAFED procured 50,000 tonnes of onion this season.
Lush agricultural lands have turned parch as groundwater levels deplete to new lows, and wells and water reservoirs go dry. While the administration points to deficient rainfall as a reason, experts and activists say the drought is mostly man-made.
New regulatory rules, softer freight rates and a liquidity crunch at non-bank lenders are among the reasons.
The interest it has generated among designers who are helping create new styles and uses for the product is likely to leave a lasting imprint on the future of khadi.
Gold loan companies offer loans to financially-excluded customers and MSMEs by enabling them to monetise their gold without the need for documentary proof of income
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